Appraisal Buzz

FEBRUARY 6, 2025

At the heart of the case is the question if a homeowners association (HOA) foreclosure could divest a first mortgage from a property. This case has answered the question in Pennsylvania of whether an HOA foreclosure could divest a first mortgage from a property. Eventoff, R. This is a big and important win for the mortgage industry.

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Appraisal Buzz

APRIL 3, 2025

The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. Photo: Sigmund The post Redfin: Surging HOA Fees, Insurance Costs Dragging Down the Condo Market appeared first on MortgageOrb. Roughly two-thirds (68.4%) of U.S. percentage points.

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Housing Wire

APRIL 1, 2025

The borrower must remain in the home as their primary residence and continue paying property taxes, homeowners insurance, HOA fees and maintenance costs to keep the loan in good standing. They must have the home appraised to determine a final loan amount in excess of FHA limits, and can then proceed to loan closing and funding.

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Housing Wire

MARCH 28, 2024

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. And then, there’s the process of dealing with the property’s Home Owners Association (HOA) or even simply determining whether one is involved at all.

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Appraisal Buzz

AUGUST 23, 2024

The post Classifying Mortgages and HOA Super Liens first appeared on The MortgagePoint. The post Classifying Mortgages and HOA Super Liens appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 22, 2023

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. And then, there’s the process of dealing with the property’s Homeowners Association (HOA) or even simply determining whether one is involved at all.

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Appraisal Buzz

APRIL 2, 2025

Rising insurance and HOA fees are also dampening housing demand in Florida. Percent Over Next 12 Months first appeared on Appraisal Buzz. Further, retirees seeking to relocate from colder climates are facing affordability challenges. Significant new construction in the sunbelt states The post Veros: U.S.

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Appraisal Buzz

NOVEMBER 26, 2024

Additionally, home insurance and HOA fees are skyrocketing. The post Investor Home Purchases Begin to Plateau appeared first on Appraisal Buzz. Hurricanes Helene and Hurricane Milton both made landfall and wreaked havoc across the Sunshine State within just days of each other, as insurers paid out billions in claims.

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Appraisal Buzz

MARCH 25, 2025

The higher costs of ownership, from insurance to HOA and utilities, also impacts cap rates. The post Top Places to Buy a Vacation Home first appeared on Appraisal Buzz. Cap rates: As prices climb and vacation rental revenue dips, cap rates (the annual ROI or rate of return-on-investment) are feeling the pressure.

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Appraisal Buzz

OCTOBER 14, 2024

Homes are remaining on the market for longer now that inward migration has bottomed off, and rising insurance and HOA dues are further dampening buyer demand. The post ‘Extra Stale’ Listings Linger On Market as Home Sales Slip appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. appeared first on Appraisal Buzz. In Tampa, the number of condos for sale soared 57.2%

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Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. Many are tired of hearing about how the appraisal industry needs to change and progress. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents.

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Appraisal Buzz

MARCH 18, 2025

While it may come as no surprise to some, the pandemic caused Floridas homebuying costs to soar, but in many areas of the state, prices have dropped over the past year due to escalating natural disasters, rising HOA dues, and rising insurance premiums.

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Appraisal Buzz

DECEMBER 30, 2024

Surging HOA fees, high insurance costs and destructive natural disasters are also making many Florida house hunters hesitant to pull the trigger. The post Active Home Listings Hit Four-Year High appeared first on Appraisal Buzz. Click here for more on Redfins latest report on the nations housing supply.

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Appraisal Buzz

MARCH 3, 2025

But there is a lot that lenders need to be aware of, from complex zoning requirements that vary not only by state, but often down to the municipality, to ensuring they are working with the right appraiser who understands the ins and outs of the space. HOAs even often have their own requirements for ADUs that need to be followed.

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Housing Wire

OCTOBER 23, 2020

Moving to the appraisal industry, Incenter Appraisal Management (IAM) announced it appointed Mark Walser as its new executive vice president, where he will be responsible for strategy, business development, marketing, operations, partnerships, and maintaining and growing its national network of 10,000-plus experienced appraisers.

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Appraisal Buzz

MAY 6, 2024

If this trend continues, consumers and appraisers will need to have a heightened awareness of where and how insurance pricing or availability is affecting house prices.” You may be wondering how this all trickles down to the appraisal report. Appraisers might not be thinking about climate change just yet in their analyses.

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Appraisal Buzz

OCTOBER 28, 2024

Home prices that are much higher than in pre-pandemic times and the disaster-driven surge in HOA and insurance costs are now pricing homebuyers out of the market.” The post Property Taxes: Increases, Payments, and Where They’re Surging Most appeared first on Appraisal Buzz. Atlanta $2,811 106.8% $239 65.8%

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Appraisal Buzz

APRIL 4, 2025

Some buyers are hesitant because of Floridas increasing insurance costs, soaring HOA dues, and worsening natural disasters. Metros Experience Uptick in Buyer Competition first appeared on Appraisal Buzz. The greatest percentage of all the metro areas Redfin examined was Seattle, WA, where 26.7% The post Major U.S. The post Major U.S.

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Portland Appraisal Blog

MARCH 15, 2025

Condos almost always entail monthly dues to the governing HOA. Condominiums often have distinct mortgage underwriting guidelines and it is important for real estate agents and appraisers to classify them properly. While prices have declined, the average monthly HOA dues increased nearly 3% in the region. and sold for $2.4

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Appraisal Buzz

JULY 3, 2024

Meanwhile, the price growth gap between detached homes and attached homes further widened, likely indicating homebuyer preferences for more personal space to work from home after the height of the pandemic, as well as surging HOA fees due to maintenance costs.

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Appraisal Buzz

JULY 24, 2024

The significant increase in unsold inventory in Florida and Texas is due to these states building more new homes, in part due to the availability of open land, than other parts of the country, adding to the overall supply at a time when demand is slow due to high housing costs, including skyrocketing insurance and HOA prices.

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Appraisal Buzz

JUNE 7, 2024

Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance, taxes and HOA fees, as a source of financial buffer.” The post CoreLogic: Homeowners With Mortgages Continue to See Strong Equity Gains appeared first on Appraisal Buzz. percent of those with mortgages underwater.”

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Appraisal Buzz

JUNE 5, 2024

“Also, the price cooling is more pronounced in markets where there has been an influx of inventory and/or new construction, as well as those where additional homeownership costs (such as insurance, taxes and HOA fees) have risen relatively faster.” Home Price Appreciation Continues Gradual Deceleration appeared first on Appraisal Buzz.

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Appraisal Buzz

JUNE 7, 2024

of those with mortgages underwater.” “Home equity is key to mortgage holders who have seen other homeownership costs soar, including insurance, taxes and HOA fees, as a source of financial buffer,” Hepp continued. Equity Increases to Near-Peak Levels appeared first on Appraisal Buzz. of homes underwater) and Texas (1.7% The post U.S.

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Appraisal Buzz

JUNE 18, 2024

Foxfield at Naaman’s Creek Homeowners Association, Mohamed Ahmadat and Raechelle Eventoff was commenced by a homeowners’ association (HOA) due to delinquent HOA assessments. The HOA initiated a foreclosure action under its HOA liens that proceeded to a Sheriff’s Sale of the property. Any final comments?

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Housing Wire

OCTOBER 9, 2024

These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees. These are just some general rules of the game, like you don’t want to communicate with appraisers or counseling agencies or your unlicensed activity if you don’t have a license, things like that.

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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Sacramento Appraisal Blog

MAY 14, 2024

first appeared on Sacramento Appraisal Blog. UPCOMING SPEAKING GIGS: 5/15/24 KW Roseville Event (open to real estate pros) 6/5/24 Marketing Mastermind (register here) 6/6/24 Golden 1 Credit Union (details TBA) 6/11/24 Elk Grove […] The post Has the housing market peaked for the spring?

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Appraisal Buzz

APRIL 3, 2025

According to Redfin agents, the condo market has been slowing down particularly swiftly, especially in Florida, as HOA dues skyrocket due to new safety standards and increased insurance prices. HOA dues are just going up and up and up, primarily because insurance costs for homeowners associations are going up. gain countrywide.

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Appraisal Buzz

SEPTEMBER 20, 2024

One way to think about housing affordability is to use the 30% rule of thumb, where housing expenses including rent or mortgage, utilities and HOAs or other fees should not exceed more than 30% of your income,” said Danielle Hale, chief economist at Realtor.com ®. This month’s report looked at the rent burden across the U.S.

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Empire Appraisal Group

MAY 20, 2021

Can Condos or HOAs Require Vaccination Proof to Use Amenities? Source: Can Condos or HOAs Require Vaccination Proof to Use Amenities? The post Can Condos or HOAs Require Vaccination Proof to Use Amenities? appeared first on Empire Appraisal Group. Florida Realtors. By Rob Samouce. NAPLES, Fla. –

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Appraisal Buzz

JULY 2, 2024

Meanwhile, the price growth gap between detached homes and attached homes further widened, likely indicating homebuyer preferences for more personal space to work from home after the height of the pandemic, as well as surging HOA fees due to maintenance costs. In May, the annual appreciation of detached properties (5.4%) was 2.6

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Appraisal Buzz

JUNE 4, 2024

“Also, the price cooling is more pronounced in markets where there has been an influx of inventory and/or new construction, as well as those where additional homeownership costs (such as insurance, taxes and HOA fees) have risen relatively faster.” Percent in April appeared first on Appraisal Buzz. Home Prices Increased 1.1

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Appraisal Buzz

AUGUST 6, 2024

The analysis offers a far more thorough rent vs buy comparison by accounting for all costs associated with buying, such as taxes, insurance, HOA dues, and remodeling expenses in America’s 100 most populated metro areas and contrasted average rent pricing with those costs. Where Does It Make the Most Sense to Purchase a Home?

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Appraisal Buzz

JULY 23, 2024

I don’t want my buyers to be surprised by all of the expenses that come with owning a home in Florida, so I advise them to proactively research the hefty costs of insurance, property taxes and HOA fees, in addition to the cost of their mortgage payment.”

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Appraiserblogs

JUNE 17, 2021

Appraisers, I have reached my boiling point about the negative press ‘we’ Independent Fee Appraisers have been receiving for many months – concerning supposed ‘systemic racial bias.’ One… The post Independent Fee Appraisers Under Attack appeared on Appraisers Blogs.

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